NES Financial's Intelligent EB-5 Solution Selected by Florida Equity and Growth Fund Regional Center for Senior Living Facility Development
NES Financial announced today that it has been selected by Florida Equity and Growth Fund Regional Center to provide its leading EB-5 Escrow Administration Solution on the Regional Center’s current development in Tampa, FL.
The EB-5 visa program, created in 1990, encourages investment into projects that stimulate U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. While relatively obscure in early decades, recent years have seen exponential growth in the use of this capital in projects of all types and sizes. Commercial real estate developers in particular have gravitated strongly toward low-cost EB-5 money, frequently making it a standard part of their capital stacks.
The need for senior living facilities across the United States has increased dramatically in recent years, with Florida being one of the largest markets because of the warm weather and low taxes, which appeal to retirees. Tampa Oaks Senior Living is the sixth EB-5 project completed by the Regional Center.
“Most issuers tend to head to China to find investors, but there is increasing interest from other markets that represents an opportunity for us,” said Kirk Eicholtz, CEO of Florida Equity and Growth Fund Regional Center. “Among the many benefits of their escrow solution, we found that NES Financial is uniquely qualified and has the most expertise in working with investors and agents from around the world.”
NES Financial’s suite of Intelligent EB-5 Solutions is designed to cover the unique requirements of the entire EB-5 process, start to finish. Each solution provides security, transparency, and compliance for the utmost investor confidence in a project. Whether utilizing select products or the entire bundle, these unique solutions take care of the middle and back office administration so issuers can focus on doing what they do best.
“EB-5 is highly specialized program and can be difficult for financial institutions given the heightened regulatory environment in recent years,” said Reid Thomas, NES Financial Executive Vice President. “Through the bank partner relationships that we have established, we are able to provide the most comprehensive range of solutions on the market.”
About NES Financial
NES Financial provides technology-enabled services for the efficient middle and back office administration of highly specialized financial transactions. Our custom solutions include EB-5 escrows, 1031 exchanges, and fund administration services. Many of the world’s largest financial institutions and corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized by Artisan Business Group as the 2013 EB-5 Service Provider of the Year and by Inc. Magazine’s 500|5000 as one of the fastest growing private companies in America two years in a row, NES Financial helps companies lower operational costs, reduce risk, and improve ROI. For more information, visit nesfinancial.com.
About Florida Equity and Growth Fund Regional Center
The Florida Equity and Growth Fund Regional Center is a limited liability company organized under the laws of the State of Florida. Receiving its USCIS designation in 2009, the Regional Center’s scope contains 23 counties and 16 business categories, including real estate, retail trade, manufacturing, outpatient care centers, and nursing and residential care facilities.
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